While there is research that shows that lower incomes give a higher percentage of their income to charity, the total dollar value is skewed to the upper incomes.
Thursday, July 21, 2011
Charitable deductions by income
Over at the blog Political Calculations (see here) they have a graph (see below, click to enlarge) showing data on charitable deductions (total dollar value) by income (data from Joint Committee on Taxation).
While there is research that shows that lower incomes give a higher percentage of their income to charity, the total dollar value is skewed to the upper incomes.
While there is research that shows that lower incomes give a higher percentage of their income to charity, the total dollar value is skewed to the upper incomes.
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